SYSPRO Smarter ERP

NOVEMBER 30, 2021

A Better Way to Forecast. Manufacturers can use forecasting to support inventory optimization. Gone are the days where you solely had to rely on your sales team creating wishful thinking forecasts. You can even use comparable existing product history as a starting point to model a forecast for a new product.

Forecasting 105

Forecasting Forecasting Software Inventory Management Software Supply Chain Planning Software 105

Precoro

AUGUST 14, 2023

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

Negotiating Skills 98

Negotiating Skills Purchasing Skills Buyer Training Procurement Solutions 98

Precoro

JULY 16, 2023

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

Pricing Training 98

Pricing Training Purchasing Skills Procurement Analytics Purchasing Training 98

ThroughPut

APRIL 30, 2024

Exploring the world of AI tools for supply chain and logistics can be quite overwhelming. That’s why we put together this guide – to help you get a glimpse of the best AI tools for supply chain and logistics, how to implement these tools, what to take care of and more. Best AI Tools for Supply Chain and Logistics 1.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Logistics Network Optimization Software 52

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. By aligning supply chain and procurement, spend can be considered more holistically.

Optimal Sourcing 189

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 189

Unleashed

FEBRUARY 29, 2024

Retail software is a range of technological solutions that can help retailers improve customer satisfaction, profitability, efficiency, and productivity by streamlining manual tasks. Retail software automates critical business processes in a way that traditional systems cannot. What is retail software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

Precoro

JANUARY 30, 2023

From raw materials (wood for a furniture factory or vegetables for a restaurant) and finished goods (office or lab supplies) to services (software subscriptions), buyer-vendor relationships are at the core of every business. As a company slowly grows, purchase management becomes more and more complicated.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Supply Chain Planning Software Supply Chain Software 52

Logistics Viewpoints

JUNE 1, 2023

The increasing need for constantly analyzing these trade-offs across the supply chain networks has highlighted the need for digital twins and what-if capabilities in network design solutions. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 194

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 194

EazyStock

MARCH 22, 2022

Fluctuating demand and supply volatility have made accurate demand forecasting even more challenging for two reasons: Using last year’s sales data as a base for forecasts is a ‘no go’, as demand fluctuations due to the pandemic skew the data. Consequences of poor demand forecasting. Use appropriate historical data.

Forecasting 52

Forecasting Forecasting Software Demand Planning Software Modeling 52

Logistics Viewpoints

FEBRUARY 20, 2023

There is also managed planning, where a services firm uses a supply chain system to forecast demand, and plan replenishment and manufacturing. This model comes from a partnership between GEP and Eliant Inventory Solutions. GEP offers procurement and visibility/fulfillment orchestration applications.

Supply Chain Planning Software 213

Supply Chain Planning Software Logistics Network Optimization Software GEP Supply Chain Software 213

Precoro

JULY 8, 2022

The question arises: when to separate purchasing management tasks into an autonomous operational role and hire a designated professional? There is no universal answer to this question, as purchasing process, procurement policies, goals, and volumes differ not only in the industries but even from company to company.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Negotiating Skills Procurement Solutions 98

Logility

JUNE 15, 2021

How companies in this industry approach demand forecasting can have far-reaching effects on their short-, mid- and long-term success. For example, an F&B business that supplies perishable goods knows that these goods have a limited shelf life and therefore must accurately project how much to purchase at once.

Supply and Demand 149

Supply and Demand Beverage Supply Chain Planning Software Demand Planning Software 149

EazyStock

JUNE 24, 2020

Inventory optimization software is an important piece of the puzzle. In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning.

Inventory Management Software 98

Inventory Management Software Inventory Management Procurement Solutions Forecasting Software 98

o9 Solutions

SEPTEMBER 7, 2021

Retailers, in particular, realized traditional forecasting models that use historical sales data, were inadequate in predicting sales during the COVID-19 pandemic. Market knowledge improves forecast accuracy and explainability. markdown, promotion) that influences consumer purchases a few days or weeks after initiation.

Forecasting 52

Forecasting Modeling Forecasting Software Demand Planning Software 52

SYSPRO Smarter ERP

MAY 2, 2024

Together, these factors will change the way manufacturers view the potential of ERP software. million companies are expected to spend $183 billion on ERP software over the next 12 months. of total IT software spend, and 5% of overall IT spending. The other emerging area around AI in ERP focuses on trend analysis and forecasting.

Forecasting Software 59

Forecasting Software Supply Chain Planning Software Modeling Software Analytics Software 59

Veridian Solutions

JANUARY 15, 2020

It is time your organization has decided to purchase order management software and reap its benefits. Unfortunately, numerous order management system software vendors exist, and every vendor claims to have the best and biggest solution. Justify the Need to Purchase Order Management Software.

Procurement Solutions 49

Procurement Solutions Purchasing Skills Supply Chain Design Software Supply Chain Planning Software 49

RFgen

APRIL 30, 2024

These systems not only streamline inventory control, but also transform warehouse processes into a powerful tool for competitive advantage. If your operation uses Enterprise Resource Planning (ERP) software, the perpetual inventory system updates the ERP as inventory transactions occur. Or reduce carrying costs.

Inventory Management Software 79

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 79

SCMDOJO

SEPTEMBER 8, 2023

Cost Efficiency : By accurately forecasting material requirements, MRP helps in bulk purchasing and availing discounts, leading to cost savings. Overall, MRP is as essential for securing an effective and efficient supply chain as cyber and physical security protecting a business.

Procurement Analytics 82

Procurement Analytics Supply Chain Planning Software Supply Chain Design Software Metrics 82

Precoro

DECEMBER 11, 2023

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. In many cases, new companies start with simple sourcing to get the procurement process rolling.

Negotiating Skills 105

Negotiating Skills Purchasing Skills Optimal Sourcing Sourcing Strategies 105

Taulia

FEBRUARY 27, 2024

A guide to digital supply chain management The emergence of tools and techniques that facilitate digital supply chain management has opened up brand new possibilities for companies looking to make the most of their supply chains. As such, it can result in more accurate and useful cash flow forecasts.

Supply Chain Software 52

Supply Chain Software Inventory Management Software Forecasting Software Procurement Solutions 52

Unleashed

AUGUST 17, 2021

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?

Inventory Management Software 97

Inventory Management Software Manufacturing Procurement Supply Chain Design Software Supply Chain Planning Software 97

QAD

MAY 24, 2023

Supply chain leaders need effective tools to share real-time information across networks of suppliers, customers, carriers, distributors, and government agencies. Tailor the right digital and interpersonal tools to every obstacle. Yet, so often, purchasing and sourcing teams have to rely on manual processes and outdated tools.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Optimal Sourcing 52

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

ThroughPut

FEBRUARY 2, 2024

This technology sifts through complex data to forecast potential disruptions and market trends, allowing companies to plan ahead instead of reacting in the moment. Clear Demand Forecasting Without Advanced Analytics: It’s hard to predict what customers will want. is advanced supply chain analytics.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

Unleashed

SEPTEMBER 16, 2019

Purchase orders are the documents sent from the buyer to the supplier requesting goods or services that when accepted by the vendor forms a legal contract between the two parties. It also serves as a form of security for the supplier. In addition, a purchase order outlines delivery dates and terms of payment for the buyer.

Procurement Solutions 45

Procurement Solutions Purchasing Skills Vendor Strategies Expense Reduction 45

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. The solution was too black box.

Optimal Sourcing 219

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 219

RFgen

APRIL 12, 2024

To start with, inventory costs go beyond the initial purchase price of goods. Hidden costs may accumulate after purchase if not meticulously monitored and managed. Even the initial purchase of inventory triggers a cascade of additional expenses, like shipping, handling, taxes, and so on.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Purchasing Skills Optimal Sourcing 75

ThroughPut

MARCH 28, 2024

Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. Food Retail In the food retail sector, AI has been helping reduce wastage as the tools can more accurately predict the demand for products. All for the good. Overview of AI in the Food Industry 1.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

Logility

JANUARY 4, 2022

to identify, quantify and apply weather-driven demand calculations to business planning and forecasting. Planalytics will integrate directly into the Logility Digital Supply Chain Platform®, ultimately increasing forecast accuracy, optimizing inventories and reducing lost sales. “We ATLANTA – Jan. 4, 2022 – Logility, Inc.,

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

Logistics Viewpoints

FEBRUARY 1, 2021

To support this massive speed, we needed a solid replenishment solution in place.” The company’s supply chain planning and automated replenishment solution comes from Solvoyo. The next morning, store managers look at their hand-held terminals to see their recommended purchases. Solvoyo is an end-to-end planning solution.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Retail 246

Logility

APRIL 23, 2013

For more than 80 years, Seco Tools has delivered a diverse portfolio of tools and services around the world. Seco Tools manufactures cutting tools made of steel, tungsten carbide and cobalt. The tools are based on industry standards which allows each customer to select their supplier. “Logility was unique.

Inventory Reduction 100

Inventory Reduction Vendor Strategies Expense Reduction Cost Reduction Strategies 100

Precoro

MAY 6, 2024

Invoice tracking is crucial for purchasing companies that want to stay on top of payments and avoid paying penalty fees. This involves storing invoices, purchase orders, receipts, and other relevant documents in an organized manner for easy retrieval and reference. Plus, it enables buyers to capitalize on early payment discounts.

Procurement Solutions 105

Procurement Solutions Forecasting Software Optimization Software Procurement Analytics 105

SYSPRO Smarter ERP

JULY 3, 2023

ML solutions can help collect and analyze product data to understand customer needs, uncover hidden problems, and identify new business opportunities. Procurement ML can help procurement teams be more efficient by alerting them to potential supplier problems. This also improves asset reliability and lifetime.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Manufacturing Data 98

ThroughPut

MARCH 27, 2024

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Other than this, AI algorithms are making the systems more secure by detecting anomalies, loopholes and fraudulent activities much in advance. This facilitates transparency across the chain.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Logility

MAY 25, 2023

Many companies prioritize forecasting and inventory management but often neglect the efficiency of the stock that’s on hand. It encompasses all the processes and procedures that secure the optimal stock quantity to meet customer demand without causing unnecessary costs or inventory overflow.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

Logility

AUGUST 25, 2021

ATLANTA (August 25, 2021) American Software, Inc. million for the same period last year, and Software license revenues were $0.5 million for the same period last year, reflecting our continued transition to the Software as a Service (SaaS) engagement model. About American Software, Inc. million compared to $0.8

Supply Chain Planning Software 130

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Design Software Demand Planning Software 130

Unleashed

APRIL 21, 2024

Conversely, the order fulfilment process in this example might include picking the packets of coffee beans from the warehouse shelf, packaging them securely with the correct shipping label, and dispatching them for delivery to the customer’s address.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52